Archive for December, 2010

Image of PCGS Graded 5 oz Quarter (Image of Actual Coin)

Posted on December 28, 2010 by 16 Comments

(Thanks to Eric Wisniewski for submitting what I believe were the first coins for imaging and grading).

25c atb1

Filed Under: News

2010 Coin Market Highlights

Posted on December 17, 2010 by 3 Comments

It’s been an exciting year for Numismatics. On November 09, 2010 Gold hit over $1420 an ounce breaking an all time high. And on December 07, 2010, Silver hit $30 an ounce. The highest it’s been since 1980.

1c Silver Gold bar

This year the Mint also sold over 32 million – 2010 Uncirculated Silver Eagles, (the highest for any other year).

 In May, a 1794 Silver Dollar broke the record for the highest price ever paid for a coin when it sold for 7.8 million dollars. Then, we had the unique 1943- D Copper Cent sell for 1.7 million dollars, also breaking several price records.

 The introduction of Plus (+) Grading into the market for coins that are very nice for the grade. The announcement of the Coin Sniffer which detects doctored coins. The introduction of the 2010 – 5 oz. 2010 America the Beautiful Quarters, which are also the largest coins that have ever struck by the U.S. Mint.

 There are definitely many other great events that took place in the coin market this year that I did not mention. If you have a particular highlight that I left out or agree with any of the ones already mentioned, let us know. To post, go to “COMMENTS” above this post.

Filed Under: News

2010 – 5 Ounce Quarters Available December 06, 2010

Posted on December 2, 2010 by 6 Comments

UPDATE

December 09, 2010

 Earlier this week the Mint stopped taking orders from their Authorized Bullion Dealers due to the high pricing of the coins in the secondary market.

The coins are intended to be sold close to their bullion silver value. However, in the secondary market the coins were selling at large premiums over the spot price of silver. Many collectors called the U.S. Mint to report the high markups, and so far, the Mint has decided to halt all sales until further notice.

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Posted on December 2, 2010

The 5 Ounce America the Beautiful Quarters went on sale on Monday December 06, 2010.

To everyone’s surprise, the mintages have been lowered considerably. Initially, the Mint set the 2010 – 5 Ounce Quarter mintages at 100,000 for each design. Now, the new mintages are set at 33,000 for each design.

The coins have a lot going for them. First, they are the largest coins ever struck by the U.S. Mint (see image for size comparison next to a Dime). They hold more silver than any other U.S. coin. They are a one time limited design and not to mention, they now have very low mintages.

25c 2010

The 2010 – 5 ounce America the Beautiful Quarters will only be available to U.S. Mint Authorized Bullion Dealers for a small premium over the spot price of silver.  Since the Mint Authorized Bullion Dealers will buy the coins to resell, no one really knows what the markup will be in the secondary market.

Already, there have been numerous pre sales online at  over $300 a coin. Will the price hold or go even higher? To Answer click on “COMMENTS” above this post.

Filed Under: News